【$IMX Signal】Empty position, wait for selling pressure confirmation

$IMX Price decline accompanied by high open interest, market logic suggests caution against long liquidation or main force distribution risks. The current chart shows no clear bottom structure, indicating a downward continuation pattern.

🎯Direction: Empty position (NoPosition)

The price has not shown effective buying absorption at the key support level (near the previous low). The decline with increasing volume is a weak signal. High open interest is a potential powder keg for long-short battles, so it’s not advisable to enter before the direction is confirmed. Be patient and wait for the price action to provide clearer signals, whether it’s a breakdown confirmation or a bottom formation.

Trade here 👇 $IMX

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